Under this programme, selected students will receive an annual scholarship of Rs 30,000 for the full duration of their undergraduate course.
The voting rights with the promoter will ensure the interests of the promoter family as well as minority shareholders are protected in future, said corporate governance advocates and corporate lawyers.
Founders of the Garden City's technology companies are learning the art of patience when it comes to meeting CSR objectives.
The Azim Premji Foundation has emerged as a major player in school education across the country.
Azim Premji, chairman of IT major Wipro, was conferred the highest French civilian honour for his outstanding contribution to developing the information technology industry in India, his economic outreach in France, and his laudable contribution to society as a philanthropist through the Azim Premji Foundation and Azim Premji University
In addition to committing $2 billion to his own foundation, the Azim Premji Foundation, the billionaire has become the first Indian to sign up for the Giving Pledge run by Warren Buffet and Bill Gates.
The business tycoon, who is also the Chairman of Azim Premji Foundation, has donated 8.7 per cent of the total stock of Wipro from his personal stock-holding for philanthropy in 2010.
Premji met Chief Minister Prithviraj Chavan and expressed his intentions to work with the state government in this regard.
The Azim Premji Foundation, a not-for-profit organisation under whose aegis it is being set up, said on Wednesday the university would launch three courses in the first year of operation, to begin this July.
Digital, cloud, engineering services, and cybersecurity will drive Wipro's growth. 'Based on approval from the board, we have decided to step up our investments significantly in these four big bets,' Premji said in his last address as executive chairman.
To have at least one demonstration school in every district.
In a step towards complying with the new shareholding norms on promoter holdings, the Azim Premji Foundation said it would sell 35 million shares of Wipro through an auction route, opening on Wednesday.
Philanthropic contributions made by India's ultra high networth individuals (net wealth of over Rs 1,000 crore), also known as UHNIs, have fallen sharply to Rs 4,230 crore in FY22, from Rs 11,821 crore the previous financial year, according to the India Philanthropy Report 2023 by Dasra and Bain & Co, which was released on Wednesday. The report says that the dramatic fall, almost by a third, was due to the fact that contributions by the Azim Premji Foundation dropped by Rs 9,000 crore due to a share buyback of Wipro, which helped the foundation to access liquidity directly. However, the report laments that even excluding the Premji Foundation's contribution, "Indian UHNI contribution has not kept pace with wealth creation" and is "below par, with a 5 per cent contraction in FY2022".
The honorary doctor of humane letters degree was conferred on Premji in recognition of his achievements as a 'renowned entrepreneur, global business leader and extraordinary humanitarian who has demonstrated a commitment to education and the well being of fellow citizens,' Wipro said. Premji is the second Indian recipient of this award. Nobel Prize winner Amartya Kumar Sen was awarded an honorary doctorate in 1995.
In one of the biggest donations by a business family in India, the family of Adani Group chairman Gautam Adani on Thursday committed to donating Rs 60,000 crore (around $7.7 billion) to various charities related to health care, education, and skill development. The commitment has been made to mark Gautam Adani's 60th birthday on Friday as well as the birth centenary year of his father Shantilal Adani. The corpus will be administered by the Adani Foundation. "At a very fundamental level, [programmes] related to all these three areas should be seen holistically and they collectively form the drivers to build an equitable and future-ready India.
Wipro, the software to vanaspati maker, has effected key management changes to drive the company in the next phase of growth.
Premji, 70, who founded the Azim Premji Foundation, is among the nine philanthropists named recipients of the 2017 Carnegie Medal of Philanthropy in "recognition of their outstanding and innovative leadership in philanthropy."
The initiative deepens N/Core's multi-year partnership with tech giant Cisco, which has participated in the fund along with Ford Foundation and IRB Infrastructure.
With the latest action, the value of the philanthropic endowment corpus contributed by Premji is about $21 billion, which includes 67 per cent of the economic ownership of Wipro.
Total income of Wipro was almost flat at Rs 15,571.4 crore at the end of the first quarter of 2020-21 compared to Rs 15,566.6 crore in the corresponding quarter of the fiscal year 2019-20.
IT czar Azim Premji has given away almost half of his stakeholding in Wipro, India's third largest exporter of software services, to philanthropy.
He is followed by Nandan Nilekani and Narayan Murthy in Hurun India Philanthropy List
The list has been compiled by the Shanghai-based The Hurun Research Institute, the second year it has done this ranking, of an 'India philanthropy list'.
'I realised I didn't have to wait for a spectacular event or a character to emerge. All stories of ordinary people, of your family, are extraordinary,' novelist Yasmeen Premji tells Aseem Chhabra/Rediff.com
Few Harvard graduates are changing the way we teach students.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances